rsi trading strategy iq option

Reputable Day everyone,

Today I am going to share with you my results and extraordinary of my setups. Information technology was a quite an profitable day (just about +90$ Net Profit) and a 4/5 ITM performance. Not so much money because of some light-headed mistakes but net profit is profit. Look at my results.

In these trades I used RSI with some changes from my last articles, RSI trendlines and Price Action. The -37 Euro Loss came without intellect, I took a trade without evidence and clues, just from my avaricious, and of path was OTM. Let's attend the initial screen shot. Information technology's from the EURUSD currency pair and I listed in London session.

First I desire to say that I made some small changes to my RSI, the period is now 3 as an alternative of 8(in close) , the overbought zone is 92 instead of 70 and last the oversold zone is 8 instead of 30. My first trade was a put, a little bit high-risk because was against the mini- up trend. The highest red line in my chart was a strong resistance from the late day that the cost didn't break. Moreover, our 3 menstruation RSI was overbought and break the veer line I drew (higher- lows, miniskirt-uptrend).The trade was ITM. The third indicator which I have in my graph is a 64 period of time CCI which helps me to name the momentum. Above zero bullish (blue color) and on a lower floor cardinal bearish (brown color). Notice that now I have a 5min chart ,not a 1min graph.

In my second trade I took a call in the call arrow. The red line is a Recent epoch defend. Loot at the price behavior. Afterwards the transposition in which I took my first trade the price is wiggling down. At length score the 61.8 story steady and you can well see that we consume a very strong rejection Hera and the candela finally inclose the 38.2 fib level. Furthermore the 3 period RSI is now oversold and breaks the trend line I drew (lower-highs, mini- down trend). Placard that our CCI ,when I take the call,dannbsp; is inactive bullish.

This is another ITM setup from USDJPY currency pair same to the previous. The 3 period RSI is oversold, RSI's trend subscriber line is broken and we have also a back. You john use RSI with solid results but never ignore the Mary Leontyne Pric military action and be careful to non trade against the general trend because the oversold/overbought conditions many times don't body of work absolutely if you trade against a impregnable trend. Sometimes the RSI goes sideways in OB/OS areas. For determination the Best submission you could function an oscillator like stochastic operating room you could study a littler TF look-alike the 1min graph.

Kind Regards,

Kostasze